Where’s my bailout-financial crisis-economic downward spiral articles? I’m not much of a panic person, so all this hoopla doesn’t really get me fired up. I’m a long term investor, sticking to a solid asset allocation plan. With that in mind, this too shall pass.

Although, I can tell you that I picked almost the worst week in history to start withdrawing from my retirement money. I’m trying NOT to look at the markets. Although, since today starts a new month, I will need to update my portfolio and see the damage! Stay tuned for that report.

Before we get to the markets, I thought I’d share a fun find this week. Have you checked out Wesabe? Every once in awhile I find a new forum that I find entertaining. I’ve been following the thread there on How Much Debt Do You Have And How Fast Are You Paying It Off? It’s interesting to see just how much debt people have!

The Bailout

Since the whole financial market is really something you can’t ignore, here’s everything you wanted to know about the financial markets and the bailout this week.

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Comments to The Great Bailout of 2008

Thanks for sharing all these great links.

It really stinks that you’re just now starting to withdraw from your account, but it’s all cost averaging in the end. I know this won’t last forever, but a low point in the beginning can really hurt near the end when you consider compounding.

@ That One Caveman: Yes, ironically, usually the only portfolios that fail with a safe withdrawal rate are those that had their huge decline in the first year. Any other year, and it should be no problem. Oh well, it’s all part of the fun!

In a perfect world you would have chosen a different time to begin withdrawals, but I have a feeling you will be fine. You are still earning money via your business and your husband is also working, so you have flexibility. And don’t forget about those 20-30% gains we’ll see in a couple years. 😉

This was a great post! There is so much turbulence in the market today, and people need peace of mind more than ever. I wanted to offer your readers a link to another blogger who is doing great work. He writes about our ‘childhood money messages’ and how the best approach to stability in today’s market is to resist letting these emotions control our buying/selling habits. It is really fascinating work, and something you should all check out. His name is Spencer Sherman, and you can view his blog at http://www.curemoneymadness.com/blog.

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